<p><strong>Gerresheimer AG</strong>（ETR:GXI）最近的疲软财报并未引起股价大幅波动。然而，我们认为投资者应关注一些潜在的令人担忧的因素。</p>
<p>我们的免费股票报告包含投资者在投资 Gerresheimer 之前应注意的 4 个警示信号。现在可以免费阅读。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/144218-earnings-and-revenue-history-1-dark/1745050763076?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/144218-earnings-and-revenue-history-1-dark/1745050763076"/></p>
<p>XTRA:GXI 收益和收入历史 2025 年 4 月 19 日</p>
<h2>深入了解 Gerresheimer 的收益</h2>
<p>一个用于衡量公司将利润转化为自由现金流（FCF）能力的关键财务比率是 <strong>应计比率</strong>。简单来说，这个比率是将自由现金流从净利润中减去，然后将该数字除以公司在该期间的平均运营资产。你可以将现金流的应计比率视为 “非自由现金流利润比率”。</p>
<p>这意味着负的应计比率是好事，因为它表明公司带来的自由现金流超过了其利润所暗示的水平。虽然拥有正的应计比率并不成问题，表明存在一定程度的非现金利润，但高应计比率可以说是坏事，因为它表明纸面利润与现金流不匹配。引用 Lewellen 和 Resutek 在 2014 年的一篇论文，“应计较高的公司未来往往盈利能力较差”。</p>
<p>在截至 2025 年 2 月的 12 个月中，Gerresheimer 的应计比率为 0.21。不幸的是，这意味着其自由现金流显著低于报告的利润。尽管报告了 7870 万欧元的利润，但自由现金流显示其实际上在过去一年中消耗了 5.49 亿欧元。我们还注意到，Gerresheimer 去年的自由现金流实际上也是负的，因此我们可以理解股东对其 5.49 亿欧元的流出感到困扰。</p>
<p>这可能让你想知道分析师对未来盈利能力的预测。幸运的是，你可以点击这里查看基于他们估计的未来盈利能力的互动图表。</p>
<h2>我们对 Gerresheimer 盈利表现的看法</h2>
<p>Gerresheimer 过去 12 个月的应计比率表明现金转化不理想，这在我们对其收益的看法中是一个负面因素。因此，我们认为 Gerresheimer 的法定利润可能优于其潜在的盈利能力。更糟糕的是，其每股收益在过去一年中有所下降。归根结底，如果你想正确理解这家公司，考虑的不仅仅是上述因素是至关重要的。请记住，在分析股票时，值得注意的是相关的风险。请注意，Gerresheimer 在我们的投资分析中显示出 <strong>4 个警示信号</strong>，其中 2 个信号有些不愉快……</p>
<p>这篇文章仅关注了一个揭示 Gerresheimer 利润性质的单一因素。但如果你能够专注于细节，总会有更多的发现。例如，许多人认为高股本回报率是良好商业经济的标志，而其他人则喜欢 “追踪资金”，寻找内部人士正在购买的股票。虽然这可能需要你进行一些研究，但你可能会发现这份 <strong>免费</strong> 的高股本回报率公司集合，或这份内部持股显著的股票列表对你有帮助。</p>
<p>如果你打算交易 Gerresheimer，请在专业人士信赖的最低成本平台 Interactive Brokers 开设账户。</p>
<p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
<p>享受无隐藏费用，无账户最低要求，外汇转换率低至 0.03%，远低于大多数经纪商提供的水平。</p>
<p>赞助内容</p>

<p>Gerresheimer AG (ETR:GXI) 报告了疲弱的收益，令投资者感到担忧。尽管利润为 7870 万欧元，但公司面临严重的现金流问题，去年消耗了 5.49 亿欧元，导致负的应计比率为 0.21。这表明其报告的利润可能无法反映其实际的盈利能力。此外，每股收益下降，公司显示出四个警示信号，其中两个令人担忧。投资者在投资 Gerresheimer 之前，建议考虑这些因素</p>

<p><strong>Gerresheimer AG's</strong> (ETR:GXI) recent weak earnings report didn't cause a big stock movement. However, we believe that investors should be aware of some underlying factors which may be of concern.</p>
<div class="lb-trans"><p><strong>Gerresheimer AG</strong>（ETR:GXI）最近的疲软财报并未引起股价大幅波动。然而，我们认为投资者应关注一些潜在的令人担忧的因素。</p>
</div><p>Our free stock report includes 4 warning signs investors should be aware of before investing in Gerresheimer. Read for free now.</p>
<div class="lb-trans"><p>我们的免费股票报告包含投资者在投资 Gerresheimer 之前应注意的 4 个警示信号。现在可以免费阅读。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/144218-earnings-and-revenue-history-1-dark/1745050763076" alt="" original-src="https://images.simplywall.st/asset/chart/144218-earnings-and-revenue-history-1-dark/1745050763076"/></p>
<p>XTRA:GXI Earnings and Revenue History April 19th 2025</p>
<div class="lb-trans"><p>XTRA:GXI 收益和收入历史 2025 年 4 月 19 日</p>
</div><h2>A Closer Look At Gerresheimer's Earnings</h2>
<div class="lb-trans"><h2>深入了解 Gerresheimer 的收益</h2>
</div><p>One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the <strong>accrual ratio</strong>. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'.</p>
<div class="lb-trans"><p>一个用于衡量公司将利润转化为自由现金流（FCF）能力的关键财务比率是 <strong>应计比率</strong>。简单来说，这个比率是将自由现金流从净利润中减去，然后将该数字除以公司在该期间的平均运营资产。你可以将现金流的应计比率视为 “非自由现金流利润比率”。</p>
</div><p>That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. To quote a 2014 paper by Lewellen and Resutek, &#34;firms with higher accruals tend to be less profitable in the future&#34;.</p>
<div class="lb-trans"><p>这意味着负的应计比率是好事，因为它表明公司带来的自由现金流超过了其利润所暗示的水平。虽然拥有正的应计比率并不成问题，表明存在一定程度的非现金利润，但高应计比率可以说是坏事，因为它表明纸面利润与现金流不匹配。引用 Lewellen 和 Resutek 在 2014 年的一篇论文，“应计较高的公司未来往往盈利能力较差”。</p>
</div><p>Over the twelve months to February 2025, Gerresheimer recorded an accrual ratio of 0.21. Unfortunately, that means its free cash flow fell significantly short of its reported profits. Even though it reported a profit of €78.7m, a look at free cash flow indicates it actually burnt through €549m in the last year. We also note that Gerresheimer's free cash flow was actually negative last year as well, so we could understand if shareholders were bothered by its outflow of €549m.</p>
<div class="lb-trans"><p>在截至 2025 年 2 月的 12 个月中，Gerresheimer 的应计比率为 0.21。不幸的是，这意味着其自由现金流显著低于报告的利润。尽管报告了 7870 万欧元的利润，但自由现金流显示其实际上在过去一年中消耗了 5.49 亿欧元。我们还注意到，Gerresheimer 去年的自由现金流实际上也是负的，因此我们可以理解股东对其 5.49 亿欧元的流出感到困扰。</p>
</div><p>That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.</p>
<div class="lb-trans"><p>这可能让你想知道分析师对未来盈利能力的预测。幸运的是，你可以点击这里查看基于他们估计的未来盈利能力的互动图表。</p>
</div><h2>Our Take On Gerresheimer's Profit Performance</h2>
<div class="lb-trans"><h2>我们对 Gerresheimer 盈利表现的看法</h2>
</div><p>Gerresheimer's accrual ratio for the last twelve months signifies cash conversion is less than ideal, which is a negative when it comes to our view of its earnings. Because of this, we think that it may be that Gerresheimer's statutory profits are better than its underlying earnings power. In further bad news, its earnings per share decreased in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Be aware that Gerresheimer is showing <strong>4 warning signs in our investment analysis</strong> and 2 of those are a bit unpleasant...</p>
<div class="lb-trans"><p>Gerresheimer 过去 12 个月的应计比率表明现金转化不理想，这在我们对其收益的看法中是一个负面因素。因此，我们认为 Gerresheimer 的法定利润可能优于其潜在的盈利能力。更糟糕的是，其每股收益在过去一年中有所下降。归根结底，如果你想正确理解这家公司，考虑的不仅仅是上述因素是至关重要的。请记住，在分析股票时，值得注意的是相关的风险。请注意，Gerresheimer 在我们的投资分析中显示出 <strong>4 个警示信号</strong>，其中 2 个信号有些不愉快……</p>
</div><p>This note has only looked at a single factor that sheds light on the nature of Gerresheimer's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this <strong>free</strong> collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.</p>
<div class="lb-trans"><p>这篇文章仅关注了一个揭示 Gerresheimer 利润性质的单一因素。但如果你能够专注于细节，总会有更多的发现。例如，许多人认为高股本回报率是良好商业经济的标志，而其他人则喜欢 “追踪资金”，寻找内部人士正在购买的股票。虽然这可能需要你进行一些研究，但你可能会发现这份 <strong>免费</strong> 的高股本回报率公司集合，或这份内部持股显著的股票列表对你有帮助。</p>
</div><p>If you're looking to trade Gerresheimer, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果你打算交易 Gerresheimer，请在专业人士信赖的最低成本平台 Interactive Brokers 开设账户。</p>
</div><p>With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.</p>
<div class="lb-trans"><p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
</div><p>Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.</p>
<div class="lb-trans"><p>享受无隐藏费用，无账户最低要求，外汇转换率低至 0.03%，远低于大多数经纪商提供的水平。</p>
</div><p>Sponsored Content</p>
<div class="lb-trans"><p>赞助内容</p>
</div>

盈利问题可能预示着 Gerresheimer（ETR:GXI）股东将面临更大的问题